2554 N Oak Park Avenue, Chicago, IL 60707

Local realty services provided by:Better Homes and Gardens Real Estate Connections
2554 N Oak Park Avenue,Chicago, IL 60707
$800,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:adam max
Office:compass
MLS#:12481759
Source:MLSNI

Price summary

  • Price:$800,000

About this home

Prime Montclare 4-unit apartment building with three (3) additional non-conforming garden units, offered for the first time in 20+ years. Unit mix includes four (4) spacious 2BD/1BA apartments featuring hardwood floors, decorative fireplaces, and separate dining rooms, plus two (2) 1BD/1BA and one (1) 2BD/1BA non-conforming garden apartments. Key improvements include separately metered electric with 200-AMP service, vinyl windows (last 15 years), flat roof with new layer (~10 years), GE hot water heater (2010), and gas-forced furnaces. Second-floor tenants pay their own electric, cooking gas, and heat; first-floor and garden units have owner-paid heat. Additional features: building-owned coin laundry and attached two-car brick garage. Current rents are well below market, creating a strong value-add opportunity through renovations, and rental increases. Excellent investment for long-term cash flow and appreciation in a stable neighborhood.

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Home facts

  • Year built:1926
  • Listing ID #:12481759
  • Added:1 day(s) ago
  • Updated:September 27, 2025 at 10:46 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1926

Utilities

  • Water:Lake Michigan

Finances and disclosures

  • Price:$800,000
  • Tax amount:$6,544 (2023)
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